Business

2 troubled Italian banks failing, to face insolvency

2 troubled Italian banks failing, to face insolvency

Padoan said about 4.8 billion euros would be set aside immediately to "maintain capitalisation" of retail bank Intesa Sanpaolo , which had made that a condition of any cooperation. The Italian government is making 5.2 billion euros ($5.8 billion) of resources available to keep operative two banks that the European Central Bank last week had deemed "failing or about to fail", sending them into insolvency procedures.



Uber CEO Travis Kalanick Steps Down

June 8 - Recode publishes an embarrassing leaked email from 2013 , in which Kalanick weighed in on everything from workers having sex with fellow employees, to puking, while on a business trip to Miami. After months of being plagued by scandal and criticism , Uber CEO Travis Kalanick resigned from the company on Tuesday under pressure from investors.


Boeing and Airbus at odds over the future of aircraft manufacturing

Boeing and Airbus at odds over the future of aircraft manufacturing

While new civilian aircraft orders will probably fall short of the $130bn the Paris show clocked up last time - mostly thanks to airlines ordering the latest fuel-efficient Boeing and Airbus aircraft - the industry is still optimistic about sustained growth.


US suspends Brazilian beef imports over safety concerns

US suspends Brazilian beef imports over safety concerns

The ban would remain in place until the Brazilian Ministry of Agriculture provides corrective measures to the satisfaction of the U.S. Department of Agriculture. Antonio Camardelli, head of the Brazilian meat exporters association Abiec, said that although the United States market is small, the USDA's earlier approval raised hopes of exports to other markets.



Qatar bids for stake in major United States airline

Qatar has submitted a filing under the Hart-Scott-Rodino Act related to the intended investment. " Qatar Airways believes in American Airlines' fundamentals and intends to build a passive position in the company with no involvement in management, operations or governance", explained a statement .



England vs South Africa, 3rd T20I

England , who awarded debuts to Liam Livingstone and Tom Curran but opted against handing Craig Overton a senior bow on his home ground, won the toss and chose to field in front of a sell-out 12,500 crowd making the most of the national side's first appearance in Taunton since 1983.